Thanks for the feedback guys. I need to really consider what I have here. I don't' want to do it twice. The rust on the cams comes off with a finger rub. It happens pretty quick here this time of year. I will put it on the stand and really take a close look tomorrow and find out what is going on. The guy I bought it from seems very honest. Just a little one man shop. He had 2 X's and was trying to make one good one. He seems pretty honest. I am very skeptical and asked lot's of questions. I will pull a main and rod bearing off to check conditions there and that will tell me a lot as well.

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Dave S.
Northeast
2003 4.6is
2005 E53 4.4
2003 E39 Msport(a REAL ONE!)
1959 Fiat 600